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How to Buy Synthetix Network Token (SNX)

A Step-by-Step-Guide on how to buy Synthetix Network Token (SNX)

Step 1 – Join CEX.io

You'll first need to buy units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Synthetix Network Token (SNX) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Synthetix Network Token (SNX)

As soon as your deposit has been affirmed, you will immediately have access to your finances and you can launch purchasing and trading. To purchase Synthetix Network Token (SNX) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

In order to spot Synthetix Network Token (SNX), you'll need to put the cointype (SNX) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “SNX/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Synthetix Network Token (SNX)
Step 4 – Acquisition of Synthetix Network Token (SNX)

As soon as you have located Synthetix Network Token (SNX), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent price Synthetix Network Token (SNX) was sold for. You can change this to your desired price. The ”Amount” field is the quantity of SNX you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole quantity of SNX.

When you're satisfied, click on “Buy SNX”. Your order will be filled as soon as a Seller sells their SNX for the price you introduced.

Step 5 – Withdraw Synthetix Network Token (SNX)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. In order to withdraw your Synthetix Network Token (SNX), go to the tab called “Funds” and mouse click on “Withdraw”. Synthetix Network Token (SNX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Synthetix Network Token (SNX) by using the given drop-down box. Enter the amount of Synthetix Network Token (SNX) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you are happy, click on “Submit”. You may be requested for email/phone verification before a take off.

Kudos! You've successfully bought and safed Synthetix Network Token (SNX).

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the Synthetix Network Token (SNX) is stored within your wallet, you're finished.

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